It likely refers to a specific concept within the Punjabi culture or a specific astrological context. To understand its meaning better, you need more context:
* Is it related to astrology? If so, "Chand Varga" might be used in relation to the position of the moon in a person's birth chart, and how it affects their personality and life.
* Is it related to a specific cultural practice? It might refer to a specific classification or grouping of people, perhaps related to their social status or heritage.
To get a more precise answer, please provide more context about where you encountered this phrase.